Issued on behalf of Lake Victoria Gold Ltd.
VANCOUVER – USA News Group News Commentary – After gold prices soared past $3,200 this month, analysts at UBS and Deutsch Bank have increased their projections for the precious metal to $3,500 and $3,700 respectively. As macroeconomic risks continue to rise, strategists are highlighting how gold prices have gone parabolic, and how to prepare for what’s next. Now that it’s a gold bug timeline again, investors are looking towards investing in physical bullion, gold ETFs, and perhaps an even more profitable way to invest—gold stocks. As this recent gold rally has attracted investors back to mining stocks, recent developments have come from Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), Soma Gold Corp. (TSXV: SOMA) (OTCQX: SMAGF), Contango Ore, Inc. (NYSE-American: CTGO), Lundin Gold Inc. (TSX: LUG) (OTCQX: LUGDF), and Americas Gold and Silver Corporation (NYSE-American: USAS) (TSX: USA).
The article continued: Gold mining stocks have continued climbing since gold began reaching record highs. Part of this is because of their perception as an island of safety in a sea of volatility, spurred on by on-again, off-again tariffs. Major miners have seen their stock prices pop off, but junior mining companies have also been putting out notable drill results that deserve more attention.
Lake Victoria Gold (TSXV: LVG) (OTCQB: LVGLF), an emerging East African gold developer, recently secured four new Mining Licenses at its Tembo Project in northern Tanzania, marking a major step forward in its development strategy.
"The approval of our Mining Licenses is a pivotal step forward for the Tembo Project,” said Marc Cernovitch, President & CEO of Lake Victoria Gold. “We have always believed in the district-scale potential of this asset. With tenure now secured for the next 10 years, we can focus on evaluating the most efficient development options to unlock maximum shareholder value. This is a transformational moment for the Company and its stakeholders."
Situated in Tanzania’s well-known Lake Victoria Goldfield, Lake Victoria Gold’s (LVG) flagship project has already attracted more than US$28 million in exploration investment, including the completion of 50,000 meters of diamond and reverse circulation (RC) drilling. This depth of historical work provides a robust technical foundation and positions the project with a meaningful head start compared to earlier-stage peers.
The recent conversion of LVG’s Prospecting License into four Mining Licenses represents a major step forward, significantly reducing regulatory uncertainty and paving the way for focused development planning. Each Mining License is valid for an initial 10-year term and includes an option for an additional 10-year renewal, offering long-term operational visibility.
With extensive exploration data already in hand, the company has identified three high-priority targets within the Tembo Project area. These zones are showing encouraging gold grades and carry the hallmarks of potential resource growth as the project enters its next phase of advancement.
At the Ngula 1 target, drilling has outlined a broad, mineralized corridor roughly 250 meters wide and extending at least 600 meters in length—open in both directions and at depth. This structural zone hosts multiple gold-bearing veins, with notable intercepts like 3.13 grams per tonne (g/t) of gold over 25.89 meters and an especially compelling interval of 22.18 g/t over 15 meters. The combination of grade and scale here supports the potential for a meaningful gold system with room to grow.
Just to the west, at the Nyakagwe Village target, drilling has confirmed additional high-grade gold zones hosted within multiple mineralized structures. Highlight results include 78.1 g/t of gold over one meter and 27.88 g/t over 3.96 meters—intercepts that reinforce the potential for high-margin material, whether for near-term production or longer-term development.
At Nyakagwe East, drilling has revealed a wide, 300-meter mineralized zone marked by strong quartz veining and sulphide content—geological indicators commonly associated with gold deposition. Standout results such as 19.1 g/t over three meters and 10.25 g/t over 3.5 meters continue to demonstrate the project’s consistency when it comes to delivering high-grade intercepts.
With key Mining Licenses now in place, Lake Victoria Gold is actively assessing its development pathway. Shallow, high-grade zones may support early-stage open-pit mining, while nearby toll milling options could allow for gold production to begin without major upfront capital on processing infrastructure. As work advances, LVG is also evaluating the potential for a standalone plant if future volumes support the case for in-house processing.
On the exploration front, Lake Victoria Gold still has significant blue-sky potential ahead. A follow-up drill program is now being planned to build on historical high-grade intercepts and begin converting them into formal resource estimates. Meanwhile, a recent geological review pinpointed 38 new exploration targets across the property—suggesting that the known high-grade zones might only be the beginning of what Tembo could ultimately yield. Fieldwork is already underway to begin testing these targets for additional gold discoveries.
In parallel, LVG is keeping its options open when it comes to partnerships or strategic opportunities. The Tembo Project shares a border with Barrick’s world-class Bulyanhulu Mine, and the two companies have a working relationship. In 2021, LVG sold six non-core licenses to Barrick in a deal worth $6 million upfront, plus up to $45 million in potential milestone payments tied to future discoveries. That transaction helped fund Tembo’s advancement while still giving LVG a potential upside in any gold found next door.
“We believe Tembo represents a rare opportunity to define a new gold camp in one of Tanzania’s most historically productive districts,” said Simon Benstead, Executive Chairman of Lake Victoria Gold. “With multiple exploration and development levers available to us, and a supportive regulatory environment, we’re committed to responsibly unlocking the full value of this high-potential asset.”
Looking ahead, Lake Victoria Gold intends to advance development at Tembo while steadily moving its flagship Imwelo Project toward production. With Mining Licenses secured and a highly prospective land package in one of Africa’s most established gold belts, Tembo is positioned to become a key pillar in LVG’s broader growth strategy. The groundwork is in place for this project to play a meaningful role in the company’s next chapter.
CONTINUED… Read this and more news for Lake Victoria Gold at: https://usanewsgroup.com/2025/04/02/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/
In other industry developments and happenings in the market include:
Soma Gold Corp. (TSXV: SOMA) (OTCQX: SMAGF) recently expanded its land package in Colombia to over 41,000 hectares by acquiring two new mining concessions along the OTU Fault, a major gold-bearing structure that runs through several significant regional operations.
“Ongoing drilling at the Colossa Mine indicates that the down-dip projection of the vein system extends to the northwest onto these new mining concessions,” said Chris Buchanan, Vice-President of Exploration for Soma. “Our exploration team is excited to follow the veins onto these licenses."
While a previous plan to source feed from Denarius Metals was dropped, Soma’s El Limon mill will now be supplied by its own producing mines and formalized operations on its property. The acquisition boosts Soma’s long-term exploration upside while supporting near-term production.
Contango Ore, Inc. (NYSE-American: CTGO) recently received $24 million in cash distributions from the Peak Gold JV so far in 2025, with a third payment expected following completion of the first processing campaign in late April.
“This higher-than-expected cash flow will be used to strengthen our cash position, reduce debt and fulfil our hedge contracts,” said Rick Van Nieuwenhuyse, President and CEO of Contango. “We continue to advance permitting activities and the preliminary economic assessment on the Johnson Tract project."
The JV processed 323,000 tons of ore during Campaign #1, yielding roughly 65,000 ounces of gold — including 19,500 ounces attributable to Contango. Higher-than-expected production and strong gold prices could push total 2025 cash distributions to $80 million, bolstering the company’s balance sheet and funding ongoing growth.
Lundin Gold Inc. (TSX: LUG) (OTCQX: LUGDF) recently reported Q1 2025 production of 117,313 ounces of gold at its Fruta del Norte mine, marking a solid increase over the previous year.
Ore grade came in higher than expected at 10.4 g/t Au, supporting strong recoveries of 88.5% and improved financial metrics.
"2025 is off to a strong start, marked by the successful completion of our Plant Expansion Project this quarter,” said Ron Hochstein, President and CEO of Lundin Gold. “Capitalizing on the downtime associated with the new equipment tie-ins, we proactively completed the relining of the SAG mill, as well as other maintenance that was originally scheduled in the second quarter, positioning us well for the remainder of the year."
The company completed its Plant Expansion Project ahead of schedule, along with major maintenance, setting the stage for operational momentum. With gold prices rising and mill optimization underway, Lundin anticipates sustained performance through the first half of the year.
Americas Gold and Silver Corporation (NYSE-American: USAS) (TSX: USA) is entering 2025 with new leadership, full ownership of its flagship Galena Complex, and a clear path toward production growth and lower costs. The company delivered $100.2M in revenue last year, consolidated its Idaho asset in a deal with Eric Sprott (now its largest shareholder), and is developing its high-grade EC120 silver-copper project in Mexico.
With higher silver prices, mine upgrades underway, and a new strategy led by CEO Paul Huet, management says 2025 will be a transformational year for Americas Gold and Silver Corporation.
Article Source: https://usanewsgroup.com/2025/04/02/with-funding-commitments-in-place-a-gold-mine-is-being-built-and-this-stock-is-still-under-0-20/
CONTACT:
USA NEWS GROUP
info@usanewsgroup.com
(604) 265-2873
DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Lake Victoria Gold Ltd. advertising and digital media from the company directly. There may be 3rd parties who may have shares of Lake Victoria Gold Ltd., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Lake Victoria Gold Ltd. which were purchased in the open market, and reserve the right to buy and sell, and will buy and sell shares of Lake Victoria Gold Ltd. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been approved by Lake Victoria Gold Ltd.; this is a paid advertisement, we currently own shares of Lake Victoria Gold Ltd. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
Related Stories
